Bank of Montreal Can Lowers Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Bank of Montreal Can lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 458,178 shares of the company's stock after selling 101,482 shares during the period. Bank of Montreal Can owned about 0.10% of Archer-Daniels-Midland worth $23,147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. West Financial Advisors LLC lifted its stake in Archer-Daniels-Midland by 10.1% in the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock worth $111,000 after acquiring an additional 201 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Archer-Daniels-Midland by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock worth $109,000 after purchasing an additional 210 shares during the period. Invesco LLC boosted its stake in shares of Archer-Daniels-Midland by 1.3% during the 4th quarter. Invesco LLC now owns 16,242 shares of the company's stock valued at $821,000 after purchasing an additional 211 shares in the last quarter. Advisor OS LLC raised its stake in Archer-Daniels-Midland by 4.9% in the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after buying an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC lifted its holdings in Archer-Daniels-Midland by 2.8% in the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock worth $402,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

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Analyst Ratings Changes

Several brokerages have recently issued reports on ADM. Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets lowered their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Barclays reduced their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Morgan Stanley lowered their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Finally, Bank of America raised shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and decreased their target price for the company from $48.00 to $47.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $52.75.

Archer-Daniels-Midland Stock Up 0.4 %

NYSE ADM traded up $0.19 during mid-day trading on Wednesday, reaching $46.26. The stock had a trading volume of 2,957,605 shares, compared to its average volume of 3,639,114. The company has a fifty day moving average price of $46.53 and a 200 day moving average price of $50.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The stock has a market cap of $22.19 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 earnings per share. On average, research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.51 dividend. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 56.51%.

About Archer-Daniels-Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.